Maine Revised Statutes > Title 22 > Subtitle 2 > Part 4 > Chapter 411 > Article 2 – Definitions
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Terms Used In Maine Revised Statutes > Title 22 > Subtitle 2 > Part 4 > Chapter 411 > Article 2 - Definitions
- Authority: means the Finance Authority of Maine as established by this chapter. See Maine Revised Statutes Title 10 Sec. 963-A
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the Department of Health and Human Services. See Maine Revised Statutes Title 22 Sec. 1-A
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.